12 If your state has a property tax rate of 0.063, and you pay $8,323 in property taxes every year, what is the assessed value of your property?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 43P
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12
If your state has a property tax rate of 0.063, and you pay $8,323 in property taxes every year,
what is the assessed value of your property?
Transcribed Image Text:12 If your state has a property tax rate of 0.063, and you pay $8,323 in property taxes every year, what is the assessed value of your property?
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